What form must be filed for the Federal Unemployment Tax Act (FUTA)?

The correct answer is the form that specifically pertains to the Federal Unemployment Tax Act (FUTA). The 940 form is required to report and pay federal unemployment taxes. This form is used by employers to summarize their annual FUTA tax liability, which helps the government fund state unemployment agencies. Employers must file the 940 form annually if their employment meets certain thresholds.

In contrast, the 941 form is used for reporting income taxes withheld from employee wages and the employer's portion of Social Security and Medicare taxes, while the W-2 is a wage and tax statement that reports an employee's salary and taxes withheld. The W-3 is a summary form that accompanies the W-2 forms when they are submitted to the Social Security Administration. Therefore, the specific requirement to report and pay FUTA taxes is fulfilled by the 940 form.